After weathering years of industry skepticism and navigating a shifting regulatory landscape, Prometheum has executed its first crypto trades—aiming to prove its critics wrong by seamlessly integrating digital assets with traditional investments under a single regulatory roof.
“We’ve just kept our heads down and kept moving forward,” Kaplan told Decrypt. “Our goal is to be able to service the broker‑dealer and [Registered Investment Advisor] channels and the major asset issuers, and I think that there's a lot of comfort.”
“This is good for crypto,” Kaplan said. “This is bringing in hundreds of millions of accounts that now all of a sudden could invest in crypto.”
Before Prometheum executed its first transaction, the firm spent years building its custody infrastructure and regulatory approvals. In 2023, the firm became the first to receive a license from the SEC and FINRA to operate what’s known as a special purpose broker-dealer, allowing Prometheum to legally safeguard digital asset securities under federal law.
Worse for Prometheum’s competitive edge, the exclusive regulatory moat they spent years preparing for may no longer be necessary.
